FEED is King
Projects front end engineering and design (FEED) is taking the King’s role over engineering, procurement and construction (EPC). FEED is King.
FPSO
Prosperous New Year 2018
Oil & Gas and Petrochemical market has grown up by 30% in 2017 in respect with the number of projects sanctioned for execution with EPC contracts. This number confirms our last year forecast and gives credit to our estimation of 20% to 35% growth for 2018. This market upturn is driven by a market shift from the IOCs to the NOCs and Independent companies, representing both nearly 80% of the capital expenditure as operator on the next five years. As a results the projects get smaller and run on fast-track requiring more agility from the sales organizations for detection and capture.
Cyprus Aphrodite gas field to benefit from Israel Leviathan delays
Noble and Delek ready to declare Aphrodite viable The US-based company Noble Energy (Noble) and its Israeli partner Delek Group (Delek) are nearing the point to declare the Aphrodite gas field in the Block 12 offshore Cyprus Island in the southeast of the Mediterranean Sea commercially viable. In August 2007, Noble acquired the Block 12 during …
Cyprus Aphrodite gas field to benefit from Israel Leviathan delays Read More »
Statoil and Sinochem submit Brazil Peregrino-2 development plan
Statoil and Sinochem add new platform in Peregrino II The state-owned companies Statoil from Norway and Sinochem from China, partnering in the offshore Peregrino field, submitted the plan of development (POD) for its southwest expansion in the Campos Basin to Brazil National agency of Petroleum, Natural Gas and Biofuel (ANP). Despite its 14-degree API heavy …
Statoil and Sinochem submit Brazil Peregrino-2 development plan Read More »
Premier Oil finalized concept for Norway Bream-Mackerel FPSO
Premier Oil and KUFPEC move Bream FPSO to FEED The London-based junior company Premier Oil plc (Premier Oil) and its partners, the national oil company (NOC) Kuwait Foreign Petroleum Exploration Company (KUFPEC) and the other London-headquartered junior company Tullow Oil plc (Tullow) finalized the conceptual study for the development of the offshore Bream and Mackerel …
Premier Oil finalized concept for Norway Bream-Mackerel FPSO Read More »
Husky and CNOOC to expand Madura in Indonesia
Husky to qualify Madura MDA-MBH FPU bidders Calgary-based Husky Energy (Husky) and its partners, the state-owned China National Offshore Oil Corporation (CNOOC) and the independent Singapore-registered Samudra Energy (Samudra) are proceeding to the qualification of the engineering companies and shipyard to be invited to bid (ITB) for the construction of the floating production unit (FPU) …
Petrobras to consider new set of FPSOs for Jupiter pre-salt projects
Petrobras Jupiter FPSO to learn from Lula development Petrobras and its partner, Galp Energia (Galp) from Portugal, are expecting to benefit from the lessons learnt in developing the Lula giant offshore pre-salt field to design the floating, processing, storage and offloading (FPSO) vessels to be moored at Jupiter field to operate in similar conditions in …
Petrobras to consider new set of FPSOs for Jupiter pre-salt projects Read More »
Premier Oil to speed sail with Sea Lion offshore Faklands Islands
Houston Offshore to complete Sea Lion pre-FEED work The Texas-based Houston Offshore Engineering (Houston Offshore) is currently completing the pre-front end engineering and design (pre-FEED) work for the Sea Lion project offshore the Falklands Islands to be developed by the UK companies Premier Oil plc (Premier Oil) and Rockhopper Exploration plc (Rockhopper). The Sea Lion …
Premier Oil to speed sail with Sea Lion offshore Faklands Islands Read More »
Queiroz Galvao E&P tendered Brazil Atlanta FPSO
QGPE called for two tenders in view of Atlanta FPSO The development of the Block BS-4 is now moving forward with the call for tenders issued by Quieroz Galvao Exploration and Production (QGEP) for two floating production storage and offloading (FPSO) vessels in view of the Atlanta heavy crude oil project in the Santos Basin …
Repsol-Sinopec compare concepts to develop Brazil Campos pre-salt
Giant Pao de Acucar in Block BM-C-33 reaches FEED The giant discovery Pao de Acucar and its adjacent fields, Seat and Gavea, are reaching the front end engineering and design (FEED) stage to develop the prolific Block BM-C-33 pre-salt in the ultra deep water of the Campos Basin offshore Macae, in the State of Rio de …
Repsol-Sinopec compare concepts to develop Brazil Campos pre-salt Read More »